Assume a Competitive Market Is in Equilibrium

question 159

Multiple Choice

Assume a competitive market is in equilibrium.There is an increase in demand,but no change in supply.As a result the equilibrium price ________,and the equilibrium quantity ________.

• A) rises; increases
• B) rises; does not change
• C) falls; does not change
• D) falls; decreases
• E) falls; increases

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